ABC Arbitrage SA Buys 59,712 Shares of Mitsubishi UFJ Financial Group, Inc. $MUFG

ABC Arbitrage SA raised its position in shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 234.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,154 shares of the company’s stock after acquiring an additional 59,712 shares during the quarter. ABC Arbitrage SA’s holdings in Mitsubishi UFJ Financial Group were worth $1,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MUFG. Calamos Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth about $1,319,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Mitsubishi UFJ Financial Group by 41.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,727 shares of the company’s stock worth $403,000 after acquiring an additional 6,957 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Mitsubishi UFJ Financial Group by 9.3% during the first quarter. Bleakley Financial Group LLC now owns 27,290 shares of the company’s stock worth $463,000 after acquiring an additional 2,316 shares in the last quarter. Diversify Wealth Management LLC increased its position in Mitsubishi UFJ Financial Group by 48.4% during the 1st quarter. Diversify Wealth Management LLC now owns 227,153 shares of the company’s stock valued at $3,962,000 after buying an additional 74,042 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Mitsubishi UFJ Financial Group by 1.7% in the first quarter. Fifth Third Bancorp now owns 83,188 shares of the company’s stock worth $1,412,000 after acquiring an additional 1,370 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock opened at $21.98 on Tuesday. The company has a market cap of $260.79 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 0.85 and a beta of 0.39. Mitsubishi UFJ Financial Group, Inc. has a 1 year low of $13.19 and a 1 year high of $22.06. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $19.77 and its 200-day moving average price is $18.42.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. Erste Group Bank assumed coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. Finally, Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.